Dubai Taxi Company (DTC) will strengthen its electric taxi fleet with 200 BYD sedans under a new partnership with Al-Futtaim Electric Mobility.
The BYD SEAL is designed to offer a range of up to 600 km per charge, ensuring safety and enhanced passenger comfort.
The move will support the UAE’s Net Zero 2050 aspirations and help the DTC transition towards a fully electric fleet by 2040.
"With over 86 per cent of our fleet already environment-friendly - well ahead of the Roads and Transport Authority’s 2027 target to reach 100 per cent - through continued investment in sustainable mobility solutions, we are not only elevating the passenger experience but also actively contributing to Dubai’s vision of a greener, smarter future," highlighted Mansoor Rahma Alfalasi, CEO of DTC.
Hasan Nergiz, Managing Director of Al-Futtaim Electric Mobility, said the collaboration aims to "redefine urban mobility by introducing vehicles that reduce carbon emissions and offer passengers a quieter, more comfortable travel experience, paving the way for a cleaner, greener future".
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
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DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.